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they don't need a government report. it does get a lot of attention and we got a race that's plainly at this point even though obama still has a slight advantage in the battleground states this race can go either way. >> interesting. then we got the governor, of course, speaking at vmi about foreign policy, an area for which a little while he appeared to want to take the campaign, at least before the debate. how ground moving is this? >> reporter: i don't think it's very ground moving. it's not what people will vote on. for romney it's an effort to press a leadership advantage which may be one of the things that move the numbers for him after the debate. he looks strong on the stage with president obama. he took the fight to obama. obama was a little bit more passive. but ultimately the economy, i believe, carl, is going to be what drives the result. >> if anyone who watched snl over the weekend knows the president wasn't that passive. thanks, john, we'll see you later, john harwood in washington. netflix is up 10%, 30%
they don't need a government report. it does get a lot of attention and we got a race that's plainly at this point even though obama still has a slight advantage in the battleground states this race can go either way. >> interesting. then we got the governor, of course, speaking at vmi about foreign policy, an area for which a little while he appeared to want to take the campaign, at least before the debate. how ground moving is this? >> reporter: i don't think it's very ground...
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Oct 10, 2012
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remember, the problem is we've got these government shareholders, the british uk, british government and bae, and the eads who all wants slightly different things. we heard today from the foreign secretary william haig who explains the u.s. strategy in bae and that aligns, as well. if there was anything to dilute that in the merger, they wouldn't support it either. we've already heard it this week, over 13% of the private share holding. that they are opposed to the deal on current terms, particularly worried about solution. they also get quite a nice free cash flow from bae and a nice dividend. they're worried about that being diluted. and they don't see the logic necessarily. there's a lot of hurridles. and very quickly, we have an auction out for italy out this morning. yield does go slightly higher on the three and 12 months. slightly higher yields for italy, in the cash market, 5%, and spain, they've come back down to 5.78%, well below 6%. that's where we stand. back to you guys. >> ross, do you see this nigel dude from yesterday, the guy from the uk. >> he's fantastic. >> nigel
remember, the problem is we've got these government shareholders, the british uk, british government and bae, and the eads who all wants slightly different things. we heard today from the foreign secretary william haig who explains the u.s. strategy in bae and that aligns, as well. if there was anything to dilute that in the merger, they wouldn't support it either. we've already heard it this week, over 13% of the private share holding. that they are opposed to the deal on current terms,...
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Oct 8, 2012
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so you don't say the government's lying. you can't say that. yet if you add in two months more government workers than at any it time since 1948 for the past two months, the government can do -- >> but that goes to his point the u-6 number is -- i don't know if it's more accurate. >> it's broader and takes in to account the part-time workers that don't want to be part-time. they want the full-time job. so it's a broader measure of giving us the breadth of the labor market and the health of it and that's why when i say the unchanged number, i sort of ignored the headline number and didn't think it was that big of a deal. >> normally we'd focus on the 114, but, man, when you can go to 7.8 -- accoucan the fundamen catch up with where the market is? can it just tread water and the full fundamentals come up? >> look at all the global printing. >> all right. we have to go. jeff, you'll just have to agree with peter on this one. >> okay. see you next time. >>> if you have any comment ors questi question, e-mail us. still ahead, did you ever wonder how
so you don't say the government's lying. you can't say that. yet if you add in two months more government workers than at any it time since 1948 for the past two months, the government can do -- >> but that goes to his point the u-6 number is -- i don't know if it's more accurate. >> it's broader and takes in to account the part-time workers that don't want to be part-time. they want the full-time job. so it's a broader measure of giving us the breadth of the labor market and the...
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Oct 5, 2012
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when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >>> it is time. it is time for the lightning round. we play until we hear the sound and the lightning round is over. are you ready, skedaddy? start with rob in new york. >> caller: how you doing, jim. my question about sketchers? >> sell, sell, sell. it's sink'ing like a stone. i don't want skechers or deckers. > >>>. >> ken in california, what's up? >> caller: thank you for your help and guidance. love your show. jim, a vnbbott labs, is it overbought at this point? >> we were discussing this, i say you can't buy it here, steph. have to let it pull back. let it pull back to the mid 60s, but it is going to split. a great situation, but you're paying up too much right here. fred in new york. fred. >> caller: fred in new york, booyah. cypress semiconductor? >> oh, fre
when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >>> it is time. it is time for the lightning round. we play until we hear the sound and the lightning round is over. are you ready, skedaddy? start with rob in...
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Oct 10, 2012
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government in anti-trust when they decided he was one more civil servant, that was the top. government plays for keeps, and never mess with the person who works because they care, i suppose, for the money. >> unlimited check and a lot of lawyers. >> one certain wells fargo lawsuit? >> i thought that was a very -- wells fargo, i think the world of management there has stunk but michael corleone explained to us earlier when he saw that man blow himself up in cuba you cannot go against people who play for free and care, that was still one more great business lesson from the godfather, the greatest business movie of all-time, "godfather ii" the good to great, great to better. "you broke my heart." >> we'll talk more about wells and get more clarity on the quarter, david, coming up on friday. >> yes. >>> meantime after surging 40% this year, home depot getting a downgrade. we'll talk to the analyst making that call. >>> also ahead wall street and main street waiting for apple's mini version of the ipad. does it have something in common with pizza and sex? we'll meet the guest who
government in anti-trust when they decided he was one more civil servant, that was the top. government plays for keeps, and never mess with the person who works because they care, i suppose, for the money. >> unlimited check and a lot of lawyers. >> one certain wells fargo lawsuit? >> i thought that was a very -- wells fargo, i think the world of management there has stunk but michael corleone explained to us earlier when he saw that man blow himself up in cuba you cannot go...
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Oct 9, 2012
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, say in september the government hired 187,000 people and in august the government hired 417,000 people, that's 604,000 people the government hired in two months, that's the highest change in government employment since 1948. that's not the bls doing something. that's the government hiring people and then there was part-time, you saw how many part-time people there were suddenly in the report. >> it's people who want to be full time people. >> it lowers the unemployment rate. 114,000 was not a good number. >> no but wait a minute -- >> and jack is like being crucified for just tongue and cheek comment. >> this discussion you're having is over the heads of most american people, including me, okay? >> that's not a high bar for you. >> no, that's not a high bar but let me say this to you. there are people out there that haven't got jobs. there are people out there -- >> they know how they feel. >> exactly, and let's go beyond that. whatever the number is, it vastly understates unemployment. why? because arbitrarily they say if you stop looking for a job, you're no longer unemployed. well,
, say in september the government hired 187,000 people and in august the government hired 417,000 people, that's 604,000 people the government hired in two months, that's the highest change in government employment since 1948. that's not the bls doing something. that's the government hiring people and then there was part-time, you saw how many part-time people there were suddenly in the report. >> it's people who want to be full time people. >> it lowers the unemployment rate....
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Oct 6, 2012
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we've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. >>> it is time. it is time for the lightning round! we play until we hear this sound, and then the lightning round is over! are you ready, skedaddy? let's start with rob in new york. >> caller: how you doing, jim. my question about skechers? >> sell, sell, sell. it's sink'ing like a stone. i don't want skechers or deckers. >> ken in california, what's up? >> caller: thank you for your help and guidance. love your show. jim, abbott labs, is it overbought at this poin
we've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the last five years, no other energy company has invested more in the us than bp....
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Oct 6, 2012
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in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> i'm always telling you you need to own some gold. that's been real good advice, given the tremendous breakout the precious metal. you have had to buy actual gold bouillion. if you don't want to lug around the gold bars, there is the eft, which mirrors the price of gold. gold miners, too many ways they can screw up. these companies are dealing with problem after problem after problem, which is why i stopped recommending them ages ago. but last week for speculation friday, i highlighted a company that represents the middle ground, a way to profit from increased gold production, and the company is sandstorm gold. it invests in gold
in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> i'm always telling you you...
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Oct 9, 2012
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they are also blaming less government spending in europe on health care. also lack of reimbursements for medicare programs here in the united states. as you can see, it is down 18% at 86.60. back to you. >> wow, what a movement. thank you. >>> can you take the pain on apple, down about 9% since the iphone 5 went on sale. is it about fundamentals or something else behind the tech darling's big fallback. >>> also ahead, the game risk, no, it is not the handy board game, but big money is at stake with more regulation. find out how it can put the financial system in jeopardy. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling
they are also blaming less government spending in europe on health care. also lack of reimbursements for medicare programs here in the united states. as you can see, it is down 18% at 86.60. back to you. >> wow, what a movement. thank you. >>> can you take the pain on apple, down about 9% since the iphone 5 went on sale. is it about fundamentals or something else behind the tech darling's big fallback. >>> also ahead, the game risk, no, it is not the handy board game,...
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in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> the panic in apple is thick. everyone has decided it's finished, right, it's going down, down, down. every day it's going down. all i heard today is today it broke the 50-day moving average. as if somehow the company that steve jobs created is entirely independent in the end on a chart. how about this? if you don't own any, if you luck into some, you know my view about apple. it's an investment, not a trade. pe
in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> the panic in apple is...
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that's the so-called micro, the companies, and the macro, which are the governments. so we've got a flat line here, okay? that's how every day starts. of course, something does happen every day, which is why we are almost never flat, typically on days where central government or banks squawk newsom sort of data. so let's just presume we're never going to be in zero. then we get to earnings season and the equation changes dramatically. we get really granular. we extrapolate the heck out of each and every earnings report. so consider the box score from one 24-hour sports cycle, using the parlance of football. why not? it's football season. it will be easy for everybody. here is the first place. first we get earnings last night from yum! brands, parents of taco bell and pizza hut, and it is dynamite. restaurants all over the world, and why not, they have two million restaurants per million in the merging versus 58 per million here in america. china didn't slow as much as we thought. and taco bell tacked up 7%. same store sales growth. sellers think taco bell could be tak
that's the so-called micro, the companies, and the macro, which are the governments. so we've got a flat line here, okay? that's how every day starts. of course, something does happen every day, which is why we are almost never flat, typically on days where central government or banks squawk newsom sort of data. so let's just presume we're never going to be in zero. then we get to earnings season and the equation changes dramatically. we get really granular. we extrapolate the heck out of each...
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Oct 9, 2012
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money buys influence, but it also may buy government itself. this is the unambiguous conclusion you reach in reading the book "billionaires & ballot bandits: how to steal an election in 9 easy steps." investigative reporter greg palast wrote it. he is a new york times-bestselling author and also works for the bbc and britain's the observer. what is going on is happening behind this very thin veneer of democracy, but as i read your book i get the sense that it really is a gross subversion of democracy. > > yes. we have to think about who these billionaires are. since we had citizens united, which created the so-called "corporate citizen," we've ended up with things like a million- dollar donation to the romney pac, restore our future - and i looked into it, by a company called f8 llc. > > what's that? > > i tried to look up, they have sales of $8,000 a year, which meant that their $1 million donation was pretty generous. also, the principal, a guy named diego, seems to exist only in a video game, "grand theft auto." he's an assassin. but under c
money buys influence, but it also may buy government itself. this is the unambiguous conclusion you reach in reading the book "billionaires & ballot bandits: how to steal an election in 9 easy steps." investigative reporter greg palast wrote it. he is a new york times-bestselling author and also works for the bbc and britain's the observer. what is going on is happening behind this very thin veneer of democracy, but as i read your book i get the sense that it really is a gross...
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the government needs to clear the zone. they've offered these life preservers for years, and it prevents the healing process from truly beginning. >> jason, what do you think? you're arguing these programs should continue. why should taxpayers be subsidizing something banks would likely do on their own since it's in their best interest any way? >> there's a light at the end of the tunnel for homeowners who are under water. they can see the light at the end of the tunnel. what we're now proposing is to build another five miles of tunnel, and we're going to build those five miles in the next 83 days unless the extension is pass passed. we're at a critical moment in housing right now. the money is finally getting through to homeowners. now is not the time to allow them to go down into foreclosure. rick wanted to propose bulldozing. i'm proposing something sensible. >> i didn't propose it. in the extreme, it makes it so ridiculous that just because this is moving the process along quickly, doesn't mean it's right. the more free
the government needs to clear the zone. they've offered these life preservers for years, and it prevents the healing process from truly beginning. >> jason, what do you think? you're arguing these programs should continue. why should taxpayers be subsidizing something banks would likely do on their own since it's in their best interest any way? >> there's a light at the end of the tunnel for homeowners who are under water. they can see the light at the end of the tunnel. what we're...
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and government bureaucrats being topped by minimum safety percent. that would turn me very bullish. >> i am right there with you. >> on the anniversary of the high in october 2007 i am actually surprised that the dow is still at 13,473 which is almost the same level as we were in 2007 because if i look at the presidential candidates today, if obama gets reelected i think the dow jones should be minus 13,473. if romney gets elected it should be minus 6,000. >> ythe market is up year to date. as you know october 1987 was not a friendly time. do you see anything underneath the hood that concerns you on that basis? >> yes. i mean, the previous person you interviewed said that everybody faced an increase. that is not what i see in the market place. government bonds, art, high end market, park avenue property market and equity and i think that the asset sizes are vulnerable in my view. >> i remember some time in the last 90 days you mentioned for the first time in a while you bought european stocks. are you still long european stocks? if not where would yo
and government bureaucrats being topped by minimum safety percent. that would turn me very bullish. >> i am right there with you. >> on the anniversary of the high in october 2007 i am actually surprised that the dow is still at 13,473 which is almost the same level as we were in 2007 because if i look at the presidential candidates today, if obama gets reelected i think the dow jones should be minus 13,473. if romney gets elected it should be minus 6,000. >> ythe market is up...
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Oct 10, 2012
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the election is tightening up, which means anybody who is elected is likely to govern from the center, and attack the fiscal cliff. and so you have to say in a low return environment, shares of multinational companies with growing earnings and dividends are probably not a bad place to be. but you want to buy when the markets are down, not when they're up, and you want to sell low quality, buy high quality, and buy them on corrections, not after big moves. i would not be surprised if you have a little bit more of a correction right here. >> susie: so let's talk a little more about this correction. it feels like a correction. between what's going on with oil prices going lower, some of these earnings reports that we've been getting. so what are the risks ahead, and is this a buying opportunity? one strategist saying today that he's pretty upbeat because with central banks around the world pouring money into the financial system, it's kind of hard to see that the global economy will freeze up. so what's your take on this? risky period or a buying opportunity? >> well, look, it remains ri
the election is tightening up, which means anybody who is elected is likely to govern from the center, and attack the fiscal cliff. and so you have to say in a low return environment, shares of multinational companies with growing earnings and dividends are probably not a bad place to be. but you want to buy when the markets are down, not when they're up, and you want to sell low quality, buy high quality, and buy them on corrections, not after big moves. i would not be surprised if you have a...
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th attack was criticized by the pakistani government and u.s. state department. >> directing violence at children is barbaric, cowardly and our hearts go out to her and the others who were wound as well as fair family. >> they call their activism a new chapter and said we have to finish the chapter. >> the supreme court begins rethinking affirmative action. they will hear argument whether colleges can use race when considering admissions. a white woman said she was denied admission to the university of texas because of race. nine years ago the court ruled cools can use race. >> the judge in the trial of jerry sandusky says he expect the 68-year-old to die in prison. sandusky was sentenced 30 to 60 years in prison. some of his victims were in court. sandusky maintains his innocence throughout. the scandal rocked the school and caused long time football coach joe paterno his job. >> watching and waiting as the meningitis outbreak spread to another state. patients who received contaminated drugs with the infection are being told to keep an eye out
th attack was criticized by the pakistani government and u.s. state department. >> directing violence at children is barbaric, cowardly and our hearts go out to her and the others who were wound as well as fair family. >> they call their activism a new chapter and said we have to finish the chapter. >> the supreme court begins rethinking affirmative action. they will hear argument whether colleges can use race when considering admissions. a white woman said she was denied...
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how sophisticated were these schemes that the government alleged today? >> today's schemes involved the gamut from straight up fraud to very sophisticated schemes involving sometimes the provision of services that are simply masked as legitimate services. and sometimes billed at rates that are higher than the services that were delivered. and in many cases not necessary services. so that the schemes run the gamut across the country this time. >> 430 million dollars in all, what hopes are there to recover any of that money? >> well, we certainly are taking steps to recover that money. in many cases we issued payment suspensions, for example to stop any additional money from going out the door. in some situations we've actually frozen assets in order to await a judicial action to seize and forfeit those funds. so we are hopeful we will get much of that money back. >> one case involves five people, 67 million in phony mental health services. there's 100 million accusation of fake home health-care services. one doctor accused of signing 33,000 prescriptions f
how sophisticated were these schemes that the government alleged today? >> today's schemes involved the gamut from straight up fraud to very sophisticated schemes involving sometimes the provision of services that are simply masked as legitimate services. and sometimes billed at rates that are higher than the services that were delivered. and in many cases not necessary services. so that the schemes run the gamut across the country this time. >> 430 million dollars in all, what...
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. >> if huawei wants to do business in the united states, then they've got to tell their government to stop cyber attacking the united states. >> reporter: huawei aggressively pushed back. the company says the intelligence committee provided no clear evidence of wrong doing and it dismissed the report as politically motivated. a spokesman for huawei says the company is owned by its employees and its work around the world is trusted and proven. >> our procurements from us companies totaled $6.6 billion. that's tens of thousands of jobs. these recommendations put at risk american jobs. >> reporter: huawei appears to operate as a purely commercial enterprise, but it is hard to sort out who owns the company and how much of it. the intelligence committee report concludes some chinese telecomm equipment secretly transmitted information back to china. that's what concerns u.s. cyber- security experts. they fear the chinese government could use huawei's technology to access sensitive information. >> i think it is a legitimate concern. now the question is how much that concern is being used in
. >> if huawei wants to do business in the united states, then they've got to tell their government to stop cyber attacking the united states. >> reporter: huawei aggressively pushed back. the company says the intelligence committee provided no clear evidence of wrong doing and it dismissed the report as politically motivated. a spokesman for huawei says the company is owned by its employees and its work around the world is trusted and proven. >> our procurements from us...
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the chinese government is willing to accept this hit on the japanese businesses. we have seen the impact on name brand japanese items and name brand stores and automobiles. we are not necessarily seeing the impact as nearly as strongly on things like other elements of manufactured goods and precursor electronics. >> how much of a game of chicken is this? chinese exports out of japan and china on autos are down about 70%. i wouldn't be running away from toyota motors on this one. from an impact japan has different problems. i would be more concerned if china was going at this with korea. exports to china from korea and taiwan are up for the first time in months. i'm pretty excited about this. where do you think china is really playing the worst game of chicken and do you think there could be regional spreading of this or is this just about elections? >> i think that the koreans are taking advantage of the current tensions between japan and china and trying to fill the gap. we may see some minor adjustments in the minor term to the trade relationships that linger on
the chinese government is willing to accept this hit on the japanese businesses. we have seen the impact on name brand japanese items and name brand stores and automobiles. we are not necessarily seeing the impact as nearly as strongly on things like other elements of manufactured goods and precursor electronics. >> how much of a game of chicken is this? chinese exports out of japan and china on autos are down about 70%. i wouldn't be running away from toyota motors on this one. from an...
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Oct 8, 2012
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they took it at the government's behest. so what was it about this particular situation that did not allow her to execute the way that she had in the past? >> i think that she would probably say that she had a lot of faith in the traders who were working below her, and she would probably say the same thing that jamie dimon said about her, which was that he had total faith in her and she had total faith in the people operating under her, and as jamie said, you trust but verify and there wasn't enough verifying going on, unfortunately. >> she was well liked by most of her colleagues, if not all of her colleagues. you quote a number of them in the article. singing her praises. yet there was one particular meeting in new york between the london office and the new york office, and that certainly was not the type of atmosphere that she found herself in. as a matter of fact, it was quite acrimonious. >> i think that everyone would agree ina could be very, very tough when she needed to be but i do think the relationship between her
they took it at the government's behest. so what was it about this particular situation that did not allow her to execute the way that she had in the past? >> i think that she would probably say that she had a lot of faith in the traders who were working below her, and she would probably say the same thing that jamie dimon said about her, which was that he had total faith in her and she had total faith in the people operating under her, and as jamie said, you trust but verify and there...
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there is all sorts of government regulation. he blames the oil companies for not wanting to own a refinery. blame the government for making it too hard. >> actually right now forget california and rest of the country, owning a remeanry is pretty big business. melissa: what about in the northeast? you're getting oil from europe. >> there it is not good. in the middle of the country it is great. it is all over the map. they could have fabulous year one year and terrible year the next. a lot of major oil companies like conocophillips and marathon, they decided we don't want to do this. they hired the refining operations into separate arms. they're acting like independent refiners. marathon bought the texas city plant from bp. bp is slowly getting out of the u.s. refining business. it will be in the future politically how will you blame big oil for gasoline prices if they don't refine a single barrel of it. melissa: you're so smart. you've been in the industry forever. you've been doing it as long as i've been following it of the yo
there is all sorts of government regulation. he blames the oil companies for not wanting to own a refinery. blame the government for making it too hard. >> actually right now forget california and rest of the country, owning a remeanry is pretty big business. melissa: what about in the northeast? you're getting oil from europe. >> there it is not good. in the middle of the country it is great. it is all over the map. they could have fabulous year one year and terrible year the next....
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holder says several government agencies coordinated efforts to track down con artists. "over the past 12 months it has enabled the justice department and its partners to file 285 federal criminal indictments and informations against 530 defendants for allegedly victimizing more than 73,000 american homeowners and inflicting loses in excess of one billion dollars." meanwhile, a u.s. attorney in new york has filed a civil lawsuit against wells fargo. the bank is accused of bilking consumers out of millions of dollars in mortgage fraud. wells denies allegations. meetings resume today for 8 u.s. senators aiming to avoid the year-end fiscal cliff. the bipartisan group continues a second day of meetings that will stretch into tomorrow. the goal is for democrats and republicans to reach an agreement on how to avoid the looming spending cuts that go into effect january 1st. after a blueprint is drawn up, congress will need to vote to pass the law. senators are meeting this week, although lawmakers have noted that the outcome of the election will impact their plan. stanley black
holder says several government agencies coordinated efforts to track down con artists. "over the past 12 months it has enabled the justice department and its partners to file 285 federal criminal indictments and informations against 530 defendants for allegedly victimizing more than 73,000 american homeowners and inflicting loses in excess of one billion dollars." meanwhile, a u.s. attorney in new york has filed a civil lawsuit against wells fargo. the bank is accused of bilking...
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that gets back to more government, less government, pay month for that government, pay less for that government, and that is the debate. >>guest: pbs is a good example. if it is as valuable as people say, the world would end without pbs, why can't people step up and pay for it? why do they have to go to the federal taxpayer and force people to pay for it? i have full confidence if you pulled the plug on pbs funding they would have fundraisers and they could raise the money. god forbid they have commercials in the programs. is that such a disaster? >>neil: you think this is boomeranging? >>guest: i do. this guy isn't serious about having a serious debate about the huge issue of with we will do about $16 trillion in debt. >>neil: it is a standard joke and has been a clip on "saturday night live," that big bird is a silly attack line but what he was saying, look, this is an area where i don't see a high priority to borrow money from china to support this. >>guest: the media says be specific, be specific, about law are cutting and what loopholes to get rid of, and the one program he ment
that gets back to more government, less government, pay month for that government, pay less for that government, and that is the debate. >>guest: pbs is a good example. if it is as valuable as people say, the world would end without pbs, why can't people step up and pay for it? why do they have to go to the federal taxpayer and force people to pay for it? i have full confidence if you pulled the plug on pbs funding they would have fundraisers and they could raise the money. god forbid...
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people gobbling up ten-year government debt at these extremely low yields because they think they're not going to get much better elsewhere? sounds like people don't think there's a lot of growth coming. >> i think there's a little bit of truth in all of it. i'll bring up another point. i think october, a lot of mutual funds ahave the end of their fiscal year. it's been a good run for stocks. the spread between what the stock market is telling us and the economy is pretty wide. the election, depending how it turns out, could have a lot of implications. to me, it makes perfect sense the closer we get to the end of the year, the closer we get to november, people are going to be lightening up. it all makes sense. >> yeah, and mandy, you were highlighting earlier oil is lower, gold is lower. a lot of the base materials have been suffering as well today. >> yeah, that's absolutely true. you know, i think what's also interesting, if it is indeed a scary october, bill, remember, buy low. if you're a long-term investor, then any kind of dip after what has been a good run up to multiyear high
people gobbling up ten-year government debt at these extremely low yields because they think they're not going to get much better elsewhere? sounds like people don't think there's a lot of growth coming. >> i think there's a little bit of truth in all of it. i'll bring up another point. i think october, a lot of mutual funds ahave the end of their fiscal year. it's been a good run for stocks. the spread between what the stock market is telling us and the economy is pretty wide. the...
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liz: not at government level. >> in terms of broadband network decision made it was unfortunate. you have the 12 broadband projects huawei is involved in all of them, including the u.k., new zealand and elsewhere. the argument there are somehow vulnerabilities in huawei are unique has never been sub standed by the committee. it is allegations after allegations. hear is the kicker. hear is the kicker. the after this investigation was launched much the committee expressed a concern protecting our cybersecurity. launched investigation into two companies headquartered in china as opposed to companies developing code and product in china. if the committee were serious wanting to protect cybersecurity they would be looking at huawei and zte and sysco, ericson and siemens a alcatel lucent and acknowledging common supply chains between all the companies and acknowledging common vulnerabilities and proposing solutions to address them. anything else is a political exercise and a distraction. indeed a reckless distraction from actually addressing the real concern. it cceates a false sense o
liz: not at government level. >> in terms of broadband network decision made it was unfortunate. you have the 12 broadband projects huawei is involved in all of them, including the u.k., new zealand and elsewhere. the argument there are somehow vulnerabilities in huawei are unique has never been sub standed by the committee. it is allegations after allegations. hear is the kicker. hear is the kicker. the after this investigation was launched much the committee expressed a concern...
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just spent a week in china two weeks ago and had a lot of meetings with customers and as well as high government officials, and i could see that they're putting in a similar program which is strongly targeted on the infrastructure side. so i'm confident that we will see growth coming back most likely at the end of the fourth quarter, i believe. and the u.s., atz as i just said, is doing a little better than we originally thought driven by the two strong segments, automotive and aerospace. >> susie: how are you factoring demand forecast when the international monetary fund saying today there are serious risks of a global recession? things are slowing down in china. how are you meet those kinds of high demands in the way that you're forecasting? >> look, we see the industry, and there's a lot of industry that is are wanting more and more aluminum. we see in the u.s., for instance, the automotive industry, not only growing but more strongly growing on the aluminum side, driven by regulations for lower emissions. and stronger kuflt mersensitivity for fuel efficiencies. and these two things come toge
just spent a week in china two weeks ago and had a lot of meetings with customers and as well as high government officials, and i could see that they're putting in a similar program which is strongly targeted on the infrastructure side. so i'm confident that we will see growth coming back most likely at the end of the fourth quarter, i believe. and the u.s., atz as i just said, is doing a little better than we originally thought driven by the two strong segments, automotive and aerospace....
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people need to be learned not to be fooled by government's sleight of hand. the >> the problem is that we are reaching record highs, the numbers look good. to brian's point about mom and dad not necessarily opening their 401(k)s but the mom and pops participating in this rally? dave lutz, isn't this one of the sad factors, keep on moving higher? so many people burned during the financial crisis, they are not taking advantage of it? >> mandy, you're absolutely right. ici reported last week even though the stock indices almost doubled since our lows back in '09, investors pulled about $140 billion out of mutual funds and etfs, a couple of stunning facts, all that money seems to be flowing toward fixed income. vanguard reported the first time in history, bond funds bigger than stock funds. if i had dell disclosed last month, the size of their bond and money market assets almost $850 billion. that's more -- [ overlapping speakers ] >> -- about bonds -- >> the market is going to do whoever has the most participants. you are absolutely right. >> peter? >> i agree t
people need to be learned not to be fooled by government's sleight of hand. the >> the problem is that we are reaching record highs, the numbers look good. to brian's point about mom and dad not necessarily opening their 401(k)s but the mom and pops participating in this rally? dave lutz, isn't this one of the sad factors, keep on moving higher? so many people burned during the financial crisis, they are not taking advantage of it? >> mandy, you're absolutely right. ici reported...
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then france and the government would like to buy this stake. but if there is a limit of 10%, it won't be pobl. so in that case, france would be blocked. that's why the reason the government doesn't want to sign anything now which would jeopardize the future of its stake in eads. and that's the main problem from the french perspective. >> all right. what do you think, do you think we'll resolve it? stefane, if you were a betting man. >> it took years for french and german people to work together in eads and it was assigns very difficult. sorry for patricia, but it was very difficult to work together because of course there are national influences. if you want a couple to become a threesome, it will be difficult at least at the beginning. and i'm not sure that a couple of extended weeks we could have to reach a deal would be enough to make it work at least on the political side. >> do you think we'll pull off a threesome, i guess paris would be the place to do it. but we'll see what happens. unfortunately patricia's gone, so we've lost her. never
then france and the government would like to buy this stake. but if there is a limit of 10%, it won't be pobl. so in that case, france would be blocked. that's why the reason the government doesn't want to sign anything now which would jeopardize the future of its stake in eads. and that's the main problem from the french perspective. >> all right. what do you think, do you think we'll resolve it? stefane, if you were a betting man. >> it took years for french and german people to...
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under the law, the government could recover triple damages. this is a $570 million suit against wells fargo. we're following it. we'll teep you posted. back to you. >> just off the lows, scott, thank you very much. we're heading toward the close, otherwise, with about 30 minutes left. the dow down 100 points at this hour. when we come back, we look at the health of wall street. new york state comptroller on the looming -- whether the looming fiscal cliff and increasing regulation are threatening wall street's comeback these days. plus, speaking of which, nearly half of all wall streeters are expecting a bigger bonus this year. will they get it in and more importantly, do they deserve it? that debate is coming up. and from bull market speed bump to chaos. breaking out at a bull fight in colombia. we're just wondering, is this scene a preview of what may be coming to our stock market? tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm tra
under the law, the government could recover triple damages. this is a $570 million suit against wells fargo. we're following it. we'll teep you posted. back to you. >> just off the lows, scott, thank you very much. we're heading toward the close, otherwise, with about 30 minutes left. the dow down 100 points at this hour. when we come back, we look at the health of wall street. new york state comptroller on the looming -- whether the looming fiscal cliff and increasing regulation are...
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there is no role of the chinese government in the company. the committee knows full and very well that when they visited our facilities, that they actually had access to the entire list of all 65,000 of our employee shareholders. look, this industry -- the committee is focused on cyber security concerns. those are very legitimate concerns. but, the fact of the matter is, it's a global industry. hauwei, cisco, eriksson, nokia se seimens operating on a common stage with overlapping -- there are cyber concerns but they are universal. anything short of universal solutions is nothing but political gamesmanship. >> i've done a lot of reporting on it. it goes back to the chinese, broadly speaking, to spy, usually using the internet on u.s. corporations and to steal their secrets wherever they may be and whatever way the chinese can. many say about hauwei, in fact, it came from virtually nothing as a result of today because of stolen intellectual property. how do you respond to that? certainly, you must understand that in the context of that belief,
there is no role of the chinese government in the company. the committee knows full and very well that when they visited our facilities, that they actually had access to the entire list of all 65,000 of our employee shareholders. look, this industry -- the committee is focused on cyber security concerns. those are very legitimate concerns. but, the fact of the matter is, it's a global industry. hauwei, cisco, eriksson, nokia se seimens operating on a common stage with overlapping -- there are...